First Electric Buses in Uruguay Coming from BYD

MONTEVIDEO, Uruguay--(BUSINESS WIRE)--José Mujica, President of Uruguay, BYD, CTS and Buquebus officials
signed a contract yesterday to begin bringing electric buses into
Uruguay.

"I am very pleased that Uruguay will have this environmental-friendly
bus and new technology. I am looking forward to seeing electric vehicle
technology in this country as we are very devoted to the protection of
the environment," said President Mujica.

Mr. Juan Carlos Lopez Mena, President of Buquebus, Uruguay’s largest
tourism company, stated, "I am ready to invest heavily in a natural
Uruguay – I will replace my whole tourism bus fleet with new energy
buses." BYD Senior Business Director Stanley Lin Tang commented,
“Uruguay is an important tourism market yet it imports all of its
petroleum. Promoting electric vehicles not only contributes to
environmental protection and economic recovery, but it also improves
Uruguay's energy security." Dr. Sasson Attie, President of CTS Auto S.A.
represented the third partner of the project.

The BYD GreenCity buses that CTS and Buquebus are purchasing are able to
run 250 km (155 miles) on a single charge in urban conditions, with an
energy consumption of less than 130 kWh per 100 km. The core technology
of the BYD electric buses is BYD’s self-developed Iron-Phosphate battery
technology boasting the highest safety, longest service life and most
environmentally-friendly rechargeable chemistry. The BYD buses have been
in service in four cities including Shenzhen, Changsha, Shaoguan and
Xi’an accumulating over 5.6 million kilometers (or 3.4 M miles) by the
end of April 2012. The first BYD electric buses will arrive in Uruguay
before end of 2012 with targets to have over 500 buses running on roads
by 2015.

Buquebus is the largest tourism transportation company in Uruguay
connecting more than 2 million passengers in Argentina and Uruguay a
year by boat and by bus. Buquebus was created over 30 years ago by CEO,
Mr. Juan Carlos Lopez Mena starting with a 40-year-old vessel and a
market only one hundred thousand passengers. Buquebus is also the
largest Tourist Agent in South America, selling over 300,000 hotel beds
and 400,000 city tours per year.